1.      Reports of the Management Board, the Council, the Audit Committee and statement of the sworn auditor.

 

To get acquainted with the reports of the Management Board, the Council and the Audit Committee of joint stock company “Latvijas balzams” and the statement of the sworn auditor.

Voting results: decision is taken with the required majority of the votes.

 

2.      Approval of Annual reports for the year 2011.

 

To approve the reports drawn up by the Management Board and considered by the Council of joint stock company “Latvijas balzams”:

1)      joint stock company “Latvijas balzams” Annual report for the year 2011, drawn up in accordance with the requirements of the Laws of the Republic of Latvia;

2)      joint stock company “Latvijas balzams” Annual report for the year 2011, drawn up in accordance with International Financial Reporting Standards (IFRS);

3)      joint stock company “Latvijas balzams” Dependency report for the year 2011.

 

Voting results: decision is taken with the required majority of the votes.

 

3.      Distribution of profit for the year 2011.

To leave the net profit of joint stock company “Latvijas balzams” in the amount of 3 651 862 LVL (three million six hundred fifty one thousand eight hundred sixty two lats) undistributed and to dispose it for the development of joint stock company “Latvijas balzams” with purpose to increase the competitiveness of joint stock company “Latvijas balzams”.

 

Voting results:  decision is taken with the required majority of the votes.

 

4.      Election of auditor for the audit of Annual reports for the year 2012 and determination of the remuneration for the auditor.

1)      To elect audit company SIA “Baker Tilly Baltics” (license No.80) as the auditor for the audit of Annual reports of joint stock company “Latvijas balzams” for the year 2012.

2)      To determine 40 000 EUR, VAT not included, as the remuneration for the auditor for the audit of Annual reports for the year 2012.

3)      To assign the Management Board of joint stock company “Latvijas balzams” to conclude the agreement with the elected auditor for the audit of Annual reports for the year 2012 of joint stock company “Latvijas balzams”.

Voting results: decision is taken with the required majority of the votes.

5.      Election of Audit Committee and determination of the remuneration for the Audit Committee.

1)      To elect for the office of the member of joint stock company “Latvijas balzams” Audit Committee for the term three years, starting on 29 April 2012:

1. Anita Zile [Anita Zīle];

2. Alexander Yernev [Aleksandrs Jerņevs];

3. Vitolds Kokars [Vitolds Kokars].

 

2)      To determine 10 600 LVL after withholding of taxes as the annual remuneration for the members of the Audit Committee and to authorize the chairman of the Audit Committee to determine the distribution of the remuneration among the members of the Audit Committee.

 

Voting results: decision is taken with the required majority of the votes.

 

 

Riga, 27 April 2012

 

Joint stock company „Latvijas balzams”

Chairman of the Management Board                                                     Guntis Āboltiņš Āboliņš